The FED{Federal Reserve} conducts a Survey of Consumer Finances every 3 years. The data from this survey is collected across all economic and social groups. The latest survey, which compiled data from the years 2010-2013, reports that the net worth of a homeowner is 36 times greater than that of ...
Continue ReadingQuick Synopsis: November’s National Existing Home Sales report indicates that sales are now at an annual pace of 5.61 million which is “now the highest since February 2007 (5.79 million) and is 15.4% higher than a year ago (4.86 million).” A big surge in the Northeast and a smaller gain ...
Continue ReadingAccording to a recent study performed by data mogul CoreLogic, Millennial renters (aged 20-34) that possess student loan debt, incidentally also have higher credit scores than those without student loans. This may come as somewhat of a shock, with all the banter about student loans burdening Millennials and holding them ...
Continue ReadingUnfortunately, it seems that there are many renters who have not yet purchased a home, because they are uncomfortable taking on the obligation of a mortgage. However, unless you are living with your parents rent free, you are indeed still in essence paying a mortgage – either Yours or your ...
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